**TRUSTEES’ ANNUAL REPORT** **FINANCIAL REVIEW 2023** Total receipts on unrestricted funds totalled £111,527, which was a massive increase of £13,068 over the comparable figure for 2022 of £98,459.There were increases totalling £4,770 in planned giving through banker’s standing orders, envelopes and loose plate collections. The Parish Giving Scheme was beneficial in producing additional donations in the year and additional gift aid, being paid monthly, increased by £2,529. Grant income for the year increased by £6,270, although £4,500 was towards the additional gas and electricity costs. Income from church activities (i.e. weddings, funerals, cards, magazines votive candles, lettings, cafe church etc.) of £17,676 was up by £1,574 but there was a reduction in fund raising events of £2,494. The contribution to the diocesan share that mainly provides the stipends and housing for the clergy totalled £52,386 and was fully paid for the year from unrestricted funds. Payments on unrestricted funds totalled £111,680 and this was an increase of £14,282 over the comparable figure for 2022 of £97,398. The main increases in cost, in addition to the Parish Share, arose from organ refurbishment £4,103, gas / electricity costs £5,457 and maintenance costs of £2,780. Given the above, the net result for the year was satisfactory in that there was only a small excess payments over receipts of £153 on unrestricted funds and the balance carried forward at 31[st] December 2023 decreased to £8,031. The Unrestricted Designated Fund has been created for the income from the sale of the Marieschi painting. Total receipts for the year were £72,466 and expenditure in respect of maintenance was £101,729. The balance in hand at 31st December 2023 had reduced during the year to £89,071. Restricted Funds totalled £12,167 at 31[st] December, 2023 and this was an increase of £1,271 over the corresponding figure for 2022. ## **RESERVES POLICY** It is the PCC policy to try and maintain a balance on unrestricted funds of at least £5,000 to cover emergency situations that may arise from time to time. This position is proving increasingly difficult to achieve on an ongoing basis but it was as at 31 December 2023. It is the policy to invest our fund balances with CBF Church of England Deposit Fund. G) n >n i) c v* o¥ rn w trj J Tr•J ￿ W hJ ¢ (D CYJ Ln ¢ u) w o w rj) 4D ￿ uj cooo in wo bJ o Ln oo hj O O ¥b Ln 40 hJ 00￿ LV ti n o D v* O U) fvJ h) ) co %0 Vb ¢J > ￿ Ln Ln L4J C W LV ￿ W Ln I trzo vas Ldl ¥ioJJns y?IMsdi 'u51aipeH iaa4s 461H 69 U￿Un0￿Y paj￿E4? iu6IJM JallEM PJEweg ￿ d "P8LPE8J 8q ￿ 4urM)wJp aLll p 6u!pu￿sjapun Jadojd p aiqeua 01 Japjo ui U*¥4eJp ￿ Anoys uoryuwF 'uoiuido Aw ui '4trlilM 01 (z) Jo '.1gw uaffj iou eAey S￿￿aj 6uqurKYYtsE asow UYM PJO))p 'gun0￿? ￿edaJd PUE '.IYrf k LOZ aui io u0.q￿S a?UEPJOJX U! swo)•J 6uwJnoJx daa¥ oi aLuaJinbgJ 8Lll JJ8dsaJ FiJaiEw AUE ui le￿ ￿e1￿q (4 a$n￿ atqpuoS￿j aw sa￿6 4?IilM uo4ueue Aw o) aLU(YJ SEU JaUPLU OU 'UOWU!wexè ALU UO4WUOg UI wauww4S sJau!wpxa iuapuadapui iuèwai￿$ Ixau •41 ui Irio ias sjguew *041 ￿ paw.wii si yodaj aLll pue Malh JIEI puE arui. B iuasa un0￿¢ oyi JaLllauM 01 SB UaAI6 y ucmuido ou ANuen￿$v￿ pup v.pne ue u! pèJ!nbaJ ￿ 4n¢)M IPYI ￿(tap￿a lie apiAoJd iou op ua¥pyapun saJnpaJoJd ou 'sJaueuJ ugns Aue 6uiuJ??uo? so4$n4 se noA WOJJ SUOliBUEidxa 6ui¥o9s pue 'SwD￿je ui saJnsGIJsip Jo SLUaW. Ipnsnun AUE JO UOIiEJaP!suoJ s8pni?ui oge 11 'spJow asoyi uiim paiuasaJd gun0￿ aw w uosijpdwo) g puv AUEU? ?ui Aq swtr)aJ s￿l1urKyJJe aLU JO MaAaJ e sapni￿1 uoiiEu!Lupxa uy 'uois$iwuJoJ NIJp49 Aq uahj6 suoiwia iejw ￿uEpJo￿E ui ino pa.JJeJ $pM U￿eu4￿Exè A yodaj sHau!wpxa wapuadapu! w s!SP8 "uc¥wèuE Aw w aUPYJ eAEU SJaUEW Jwnwpd Jauiaum aiEIS 01- pup :(I)V L LOZ gLri io (ql{s)gtr1 u01￿08 Japunl uoissiwwo? &uvy? 941 Aq u#N6 Su04￿la IEJauag u! umop w.ei saJnpèJoJd èui t￿0110& Oi- '.1￿ L Loi a41P stri u01￿$ Japun slun￿)e a4¥ aUILUPX '.01 thiiiq!suodsaJ AUJ si li "PaP99u $1 ucdwuiwexa wapuèdapLJ! ipui wp (Ipv l LOZ aul) i LOZ IJV SOllUElI? eyi Jo IzltrtrL Japunl JEaA s!Ln JOJ paJinboJ iou si y.pnp UP Ip41 Japisuoj A￿1 .4Uno￿e •qi 40 uoiipjedaxl ayi Joj gNisuodsaJ ajp Jad Ai io sJaqwa(u Jauiwpxa PUE saiwiiqi$uodsaJ aA!iJad$a¥ 01 I $8SEd uo ino ias ajp 'Ezoz Jaqwaw] Papue JE8A Joj $lutV)￿P uo uod8J I IIJNnoJ H?¥nH? IVIH?OklVd 'H9137avH 'H?¥nH? S,AIIV IS 40 S331sn¥us¥38V13VI 3HI 01 I¥Od3¥ S,k13NIWYX3 IN4ON3daaNI G) n >n i) c v* o¥ rn w trj J Tr•J ￿ W hJ ¢ (D CYJ Ln ¢ u) w o w rj) 4D ￿ uj cooo in wo bJ o Ln oo hj O O ¥b Ln 40 hJ 00￿ LV ti n o D v* O U) fvJ h) ) co %0 Vb ¢J > ￿ Ln Ln L4J C W LV ￿ W Ln I trzo vas Ldl ¥ioJJns y?IMsdi 'u51aipeH iaa4s 461H 69 U￿Un0￿Y paj￿E4? iu6IJM JallEM PJEweg ￿ d "P8LPE8J 8q ￿ 4urM)wJp aLll p 6u!pu￿sjapun Jadojd p aiqeua 01 Japjo ui U*¥4eJp ￿ Anoys uoryuwF 'uoiuido Aw ui '4trlilM 01 (z) Jo '.1gw uaffj iou eAey S￿￿aj 6uqurKYYtsE asow UYM PJO))p 'gun0￿? ￿edaJd PUE '.IYrf k LOZ aui io u0.q￿S a?UEPJOJX U! swo)•J 6uwJnoJx daa¥ oi aLuaJinbgJ 8Lll JJ8dsaJ FiJaiEw AUE ui le￿ ￿e1￿q (4 a$n￿ atqpuoS￿j aw sa￿6 4?IilM uo4ueue Aw o) aLU(YJ SEU JaUPLU OU 'UOWU!wexè ALU UO4WUOg UI wauww4S sJau!wpxa iuapuadapui iuèwai￿$ Ixau •41 ui Irio ias sjguew *041 ￿ paw.wii si yodaj aLll pue Malh JIEI puE arui. B iuasa un0￿¢ oyi JaLllauM 01 SB UaAI6 y ucmuido ou ANuen￿$v￿ pup v.pne ue u! pèJ!nbaJ ￿ 4n¢)M IPYI ￿(tap￿a lie apiAoJd iou op ua¥pyapun saJnpaJoJd ou 'sJaueuJ ugns Aue 6uiuJ??uo? so4$n4 se noA WOJJ SUOliBUEidxa 6ui¥o9s pue 'SwD￿je ui saJnsGIJsip Jo SLUaW. Ipnsnun AUE JO UOIiEJaP!suoJ s8pni?ui oge 11 'spJow asoyi uiim paiuasaJd gun0￿ aw w uosijpdwo) g puv AUEU? ?ui Aq swtr)aJ s￿l1urKyJJe aLU JO MaAaJ e sapni￿1 uoiiEu!Lupxa uy 'uois$iwuJoJ NIJp49 Aq uahj6 suoiwia iejw ￿uEpJo￿E ui ino pa.JJeJ $pM U￿eu4￿Exè A yodaj sHau!wpxa wapuadapu! w s!SP8 "uc¥wèuE Aw w aUPYJ eAEU SJaUEW Jwnwpd Jauiaum aiEIS 01- pup :(I)V L LOZ gLri io (ql{s)gtr1 u01￿08 Japunl uoissiwwo? &uvy? 941 Aq u#N6 Su04￿la IEJauag u! umop w.ei saJnpèJoJd èui t￿0110& Oi- '.1￿ L Loi a41P stri u01￿$ Japun slun￿)e a4¥ aUILUPX '.01 thiiiq!suodsaJ AUJ si li "PaP99u $1 ucdwuiwexa wapuèdapLJ! ipui wp (Ipv l LOZ aul) i LOZ IJV SOllUElI? eyi Jo IzltrtrL Japunl JEaA s!Ln JOJ paJinboJ iou si y.pnp UP Ip41 Japisuoj A￿1 .4Uno￿e •qi 40 uoiipjedaxl ayi Joj gNisuodsaJ ajp Jad Ai io sJaqwa(u Jauiwpxa PUE saiwiiqi$uodsaJ aA!iJad$a¥ 01 I $8SEd uo ino ias ajp 'Ezoz Jaqwaw] Papue JE8A Joj $lutV)￿P uo uod8J I IIJNnoJ H?¥nH? IVIH?OklVd 'H9137avH 'H?¥nH? S,AIIV IS 40 S331sn¥us¥38V13VI 3HI 01 I¥Od3¥ S,k13NIWYX3 IN4ON3daaNI